This 3-bedroom home sits on a corner lot and is ready for a complete renovation. With approximately 1,265 square feet, the property includes additional bonus space in what may have originally been a single-car garage. The existing layout provides plenty of opportunity to rethink the space and create something that works for your investment goals. This is a true blank canvas for an investor looking for their next project, rental, or portfolio property.
Heart of Texas, located between the Brazos River and Lake Waco, is a historic and civic Waco neighborhood with riverfront trails and landmark institutions. The neighborhood’s character concentrates around the Austin Avenue & 5th Street corridor downtown, where coffee counters, galleries, and independent storefronts keep sidewalks active. The Dr Pepper Museum, Waco Hippodrome Theatre, and the Waco Mammoth National Monument serve as cultural pillars with a distinctly local point of view. Brick commercial blocks and restored early-20th-century facades set an urban tone, while nearby greenways soften the edges. Baylor University and the river bridges shape daily rhythms with steady foot traffic and event nights. Parks and museums anchor a walkable loop from downtown to the water.
Provided by Walk Score and Local Logic
Offer insights
3700 Colcord Ave · $75,000
$75.56K and above
75% chance or better to win
Why $75.56K+ is a strong offer
DAYS ON MARKET
29 days
The average home goes pending in 61 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
High speed internet available
Paneling
One living area
One dining area
Two total bathrooms
Bedrooms
Three bedrooms (primary bedroom on level 1)
Bathrooms
Two full bathrooms
Kitchen
No appliances included
Laundry & utility
No laundry appliances listed
Flooring
Carpet
Vinyl
Exterior features
Full wood fencing
Less than 0.5 acre lot
Subdivision: Princess Place
Driving directions: Head toward N 23rd St, turn right onto N 25th St, turn left onto Colcord Ave, turn left onto N 37th St
Home design
Single family residence
One story
Residential property
Parking
Covered parking for 2 vehicles
Garage (attached)
Construction
Built in 1950
Composition roof
Utilities
City water
City sewer
No municipal utility district
HOA & community
No association
Financial info
Second mortgage: none
Listing terms: Cash or Conventional
Other
Property type: Single Family Residence
Parcel/identifier info available
Electricity and solar
View estimated energy costs and solar savings for this home
The R-1B single-family residence district is intended to provide for single-family development at moderate density, where a full range of urban services can be provided. A limited range of compatible uses are also permitted either to provide services to residents or maintain low-intensity use of open land. Lot area, yard and other requirements are designed to encourage maintenance of quality residential areas in character with contemporary standards.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Housing-Single unit
Infrastructure
Educational/school
Fire house
Library
Police station
Golf related
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 24 days in 30 years
6/10 Wind Factor
60% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Waco, TX • 76707
Average low and high temperatures (°F)
57
37
68
45
79
56
80
62
84
65
91
75
92
74
95
75
91
69
88
62
75
53
66
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3700 Colcord Ave
$68,153
$6,847 under list price of $75K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $62K to $220K.